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The ERE bond has a 7-year maturity and a $1,000 par value. The interest rate is 10%. The coupon payments are paid semiannually. The bond

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The ERE bond has a 7-year maturity and a $1,000 par value. The interest rate is 10%. The coupon payments are paid semiannually. The bond is selling at the price of $1,100. What is the bond's (annual) coupon rate? Select one: a. 10.27% O b. 11.76% O O c. 14.66% d. 13.65% O e. 12.02%

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